About Currency Currents

With Currency Currents, you can stay tuned-in to our current global-macro view and our analysis of key investment themes driving currency prices.

We consistently focus on the key asset classes responsible for the flow of global capital -- including equities, fixed income, commodities and, of course, currencies.

Nothing is off limits to us in this free-wheeling look at the markets. Some days you’ll receive ramblings on trading psychology, while other days we may take an academic approach in explaining esoteric economic issues. Ultimately we have one goal in mind: to help you get a handle on the key investment themes driving global capital flow. Because if you know where the money is going, it increases the probability that your position in the market will be a profitable one.

Who is Jack the Pipper?

Jack Crooks is Black Swan Capital LLC, President and Chief Trading Officer.

Jack is founder and president of Black Swan Capital LLC. He has also operated a discretionary money management firm specializing in global stock, bond, and currency asset management for retail clients. In addition, he was general partner in a firm specializing in currency futures and commodities trading. Neither firm is now in operation.

Prior to entering the investment arena, Jack worked in various corporate finance positions. He has written extensively on the subject of global currencies and international economics.

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Pullback time?

Posted 08:15 11 May 2009

Key News

China's wholesale price index declined at a quicker pace in April, falling for the fifth-straight month, while consumer prices also accelerated to the downside, according to data released Monday by the National Bureau of Statistics. (MarketWatch)

Quotable

The U.S. stock market no longer looks like a bargain after recent strong gains. A rise in price-to-earnings ratios suggests investors should be cautious. Even some who expect more gains see room for a pullback now. (WSJ)

FX Trading - Pullback time?
Usually, when everyone in the market is talking and thinking about something you tend not to get it. The Heisenberg principle of markets?

The dollar was flattened on Friday. A lot of currencies appear "overbought" against the buck. And of course we all know the driver of Friday's rally--stocks. The S&P 500 was able to reverse the seemingly key day reversal that was set up on Thursday. And many are expecting stocks to pullback today and at least consolidate this run.

The daily chart below of the S&P 500: